49. A, B and C were partners sharing profits in the ratio of 5 : 3:2 respectively. Their summarised balancesheet was as follows:LiabilitiesAssetsCapital accounts:GoodwillА2,80,000 Macnery3,60,000B2,00,000 Debtors1,40,000с1,20,000 Stock1,80,000Current liabilities24,0001,84,000 Cash7,84,0007,84,00080,000C retired on 1.4.20. It was agreed that:(i) Macnery be revalued at * 4,80,000.(ii) C's interest in the firm is valued at * 1,88,000 after taking into consideration revaluation of assets,liabilities and accumulated profits/losses etc.(iii) The entire sum payable to C is to be brought in by A and B in such a way that their capital should bein their new profit sharing ratio of 2:1.(iv) A cash balance of 17,000 should be kept in the firm as minimum balance.Prepare Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.​